How do you keep track of your freelance writing income?
I think it's pretty clear that I'm a chart psycho. I'm just afraid that tax time won't be kind to me if I haven't got multiple accurate records all over the place and that I won't make myself work just that much harder if I haven't got a clear picture of how much money I've made.
Aside from making my charts (which really do only take a minute - I'll explain that in a moment), I have a folder for each client and a big hanging file drawer for invoices and payment receipts. When I have a new invoice, I put it in according to date; when I get the payment, I staple a copy of the confirmation to the invoice and don't touch it until tax time.
As an added tracking measure, I keep an itemized spreadsheet (which is where the information for my pie charts comes from!) each month; there are columns for the date, the client (Publisher), the title of the work, the amount due and the amount received.
It's kind-of an "at-a-glance" way of checking up on how much of your money is still out there. I always add things as they come in rather than waiting, because I run the risk of forgetting and at the end of the month I'll be scratching my head wondering why I have more (or, yikes, less) money than I should.
Ok, enough charts. How do you keep track of your freelance writing income? Do you write everything down as it comes up, or do you save it all for a certain day? Please share your comments here - I'd love to have a link to your website or blog!
© Angie Papple Johnston, 2010; if you are reading this anywhere but on FreeFreelanceWritingTips.Blogspot.com or without my name as author, it's stolen.